Rainbow plans to launch its native token RNBW in Q4

Jinse Finance reported that the non-custodial crypto wallet Rainbow has announced it will launch its native token RNBW by the end of this year. This release follows Consensys founder Joe Lubin's confirmation that MetaMask is preparing the MASK token. The Rainbow team stated that RNBW is part of "Phase Three," and in the future, features such as DeFi portfolio management, multi-chain support, real-time price and instant balance updates will be launched, along with perpetual contract trading supported by Hyperliquid. Rainbow previously launched a points program in 2023 to attract users and completed an $18 million Series A funding round in 2022, led by the fund Seven Seven Six founded by Reddit co-founder Alexis Ohanian.